Texas Startup TrueAbility Lassoes $2 Mln in Series A Funds

TrueAbility said Monday that it has raised $2 million in Series A funding. Austin Ventures was the lead investor. Cloud Power Seed Fund 2013 also participated in the round. According to TrueAbility, the capital will be used to expand the company’s platform technology. Based in San Antonio, Texas, TrueAbility is a company that tests people for their technical aptitude.

PRESS RELEASE

SAN ANTONIO–(BUSINESS WIRE)–Technical assessment platform provider, TrueAbility™, today announced that it has closed a $2 million Series A round from Austin Ventures. Also participating in the round is Cloud Power Seed Fund 2013. Previous seed investors include Rackspace (NYSE: RAX) Chairman, Graham Weston and co-founders, Patrick Condon and Dirk Elmendorf.
TrueAbility will use the investment to expand its platform technology, AbilityScreen®, into new vertical skill sets, increase customer acquisition activities, and add key hires in development, marketing, recruiting and HR channel relations.
“With this funding, we will be able to move forward on building out, delivering, and scaling AbilityScreen assessments for the most needed cloud technology roles,” stated Luke Owen, Co-founder and CEO. “Based on feedback from initial customers and employers, we have a specific roadmap to follow over the next eighteen months that pairs with the most critical and in-demand projected technology hiring needs.”
AbilityScreen® allows employers to remotely measure a technical candidate’s ability within the technologies, platforms, vendor certifications and industry standards that their company uses today, or plans to use.
AbilityScreen tests job seeker’s ability to solve real issues in a live server environment, in contrast to traditional phone screen questioning, written testing, white-boarding, and in-house break-fixes.
An AbilityScreen puts a technical candidate in a natural environment, as they would be on the job, to demonstrate what their current level of expertise is—from anywhere in the world. AbilityScreen can evaluate the candidate’s ability to think critically and leverage resources, and how well he or she will adapt to learning new things on the fly.
“TrueAbility has codified a process that is vital to the rise of a new technical workforce that we are seeing emerge,” stated Thomas Ball, Austin Ventures General Partner. “The founding team brings a wealth of technical hiring knowledge and a platform that is easy to deploy and scale worldwide.” Ball will also be joining the TrueAbility board.
About TrueAbility™
With TrueAbility, technical professionals prove their technical acumen through real life scenarios, delivering objective, easy-to-use skills data to hiring companies. By assessing a job candidate’s technical skills in a live server environment–from anywhere in the world, visit trueability.com to learn more.
About Austin Ventures
Austin Ventures (“AV”) has worked with talented entrepreneurs to build valuable companies for over 30 years. With $3.9 billion of capital raised, AV is the most active venture capital firm in Texas and one of the most established in the nation. AV invests in early stage and middle market companies, and its strategy is to partner with talented executives and entrepreneurs to build industry-leading companies predominantly in Texas.

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